President Trump on Monday reiterated his intention to roll back Dodd-Frank financial regulations enacted to prevent another financial crisis, telling reporte.
Trump Mortgage went under because of the last crash. Let that sink in. Trump’s own Wall Street firm (literally: 40 wall street, the only plot of land he actually owns) collapsed because of calamities Dodd-Frank is supposed to prevent.
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Why Donald Trump Should Dismantle Dodd-Frank – and How He Can Do It By Stark Merrifield , Associate Editor , Money Morning November 18, 2016 Start the conversation
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The Wall Street Journal has reported President Trump is slated to roll back the Dodd-Frank financial reform bill enacted after the 2008 financial crisis.
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One of President Trump’s most eye-opening executive orders was to start the process of repealing the Dodd-Frank financial reform bill. who is widely viewed as a friend to Wall Street, is starting.
Trump to sign order rolling back Dodd-Frank regs. Continuing his flurry of executive actions since taking office, President Donald Trump is expected to sign an order sharply limiting the Dodd-Frank Act rules today. In addition to scaling back the regulatory system, which was put in.
As the Trump presidency takes hold, the debate over Dodd-Frank is growing. President-Elect Donald Trump has promised to dismantle the banking reform act. fed chief janet Yellen has promised to defend it. Congress has the power to change it. And, the battle has already begun.
The Trump administration’s hostility toward the 2010 Wall Street Reform and Consumer Protection Act (aka the Dodd-Frank Act) should come as no surprise, given Trump’s campaign promise to dismantle the entire law. Last month, the Republican-controlled US House of Representatives gutted the law with its own bill, the Financial CHOICE Act.
Walter Jones (N.C.), backing it and every Democrat opposing it. Trump promised during his campaign to “dismantle” Dodd-Frank, but never specified how he would want to change or amend the law.
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· ”President Trump made it clear he wanted to dismantle the Dodd-Frank Act and this is the first salvo in attempting to do so,” said Michael Barr, University of Michigan law professor and editor of the Russell Sage Foundation’s journal, Financial Reform: Preventing the Next Crisis.